With the Trump tariffs signaling the US doesn’t want to trade internationally any more and increasingly protectionist attitude.
Why would we Europeans continue trading in USD when we start to pivot and trade with new economic partners e.g India & China etc.
Just like the British pound, the USD’s role as world reserve currency will meet its demise thanks to these tariffs & economic protectionism.
Printing USD, endlessly increased the trade deficit. US economy which was in part propped up because of the belief in the USD that could be printed endlessly and used to purchase Chinese/European goods caused this trade deficit.
Breaking this cycle could prove to be disastrous for the US?